Taxes and Spending
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Analysis: SC’s competing tax cut proposals, what to know
After years of justified frustration from taxpayers, state lawmakers have finally decided to address South Carolina’s highest-in-the-Southeast top income tax rate. The House on Wednesday passed a bill that would lower and consolidate the state income tax, while the Senate recently introduced its own income tax proposal that includes a plan to use $1 billion in... -
Three crucial tax reforms for South Carolina
The S.C. Legislature convened for session this week, renewing calls to fix South Carolina’s dated and uncompetitive tax structure. This focus comes as our northern neighbor passed a significant tax cut last year, with Georgia making a smaller cut, making the Palmetto State’s years of inaction even more baffling. Taxes can be complicated – our problems, however, are...